JSR Micro: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
JSR Micro
NACE 20.590, Manufacture of chemicals and chemical products
financial year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€14.5m
2025 · €7.6m+€6.8m
Equity
€109.6m
2025 · €95.2m+€14.5m
Cash
€60.2m
2025 · €12.4m+€47.8m
Balance sheet total
€144.7m
2025 · €139.5m+€5.2m
Largest movements
Assets
- Cash +€47.8m
up €47.8m (+386.3%), from €12.4m to €60.2m
mainly Stocks and contracts (+€30.6m) and Net result for the year (+€14.5m)
- Stocks and contracts -€30.6m
down €30.6m (-53.5%), from €57.2m to €26.6m
- Tangible fixed assets -€11.3m
down €11.3m (-41.9%), from €27.1m to €15.7m
of which Land and buildings: -€8.9m
- Financial fixed assets -€9.6m
down €9.6m (-71.5%), from €13.4m to €3.8m
of which Affiliated companies: -€9.6m
- Receivables within one year +€9.4m
up €9.4m (+40.4%), from €23.1m to €32.5m
of which Other amounts receivable: +€6.2m
Equity and liabilities
- Short-term financial debts -€15.0m
no longer reported in 2026 (was €15.0m)
- Profit (loss) carried forward +€14.5m
up €14.5m (+17.4%), from €82.9m to €97.3m
- Trade debts +€5.2m
up €5.2m (+25.7%), from €20.4m to €25.7m
Income statement
- Services and other goods +€19.1m
up €19.1m (+38.4%), from €49.8m to €68.9m
- Goods and materials -€17.6m
down €17.6m (-21.3%), from €82.6m to €65.0m
of which Purchases: -€24.8m
- Turnover +€5.6m
up €5.6m (+3.3%), from €169.0m to €174.6m
- Other operating income +€5.4m
up €5.4m (+34.5%), from €15.7m to €21.1m
- Write-downs -€3.6m
down €3.6m, from €2.2m to -€1.4m
From the 2025 result to the 2026 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2025
€7.6m
Turnover
+€5.6m
Other operating income
+€5.4m
Goods and materials
+€17.6m
Services and other goods
-€19.1m
Staff costs
+€329,607
Depreciation
-€270,106
Write-downs
+€3.6m
Provisions
-€100,000
Other operating charges
+€83,459
Other operating items
-€4.4m
Financial income
-€303,618
Financial charges
+€426,808
Taxes
-€2.1m
Result 2026
€14.5m
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€49.4m
Investment
+€13.4m
Financing
-€15.0m
Cash 2025
€12.4m
From operations (derived)
+€49.4m
Net result for the year
+€14.5m
Depreciation
+€7.8m
Stocks and contracts
+€30.6m
Receivables within one year
-€9.4m
Deferred charges and accrued income
+€141,742
Provisions
+€100,000
Trade debts
+€5.2m
Tax, wage and social debts
-€196,991
Other debts
-€62,717
Accrued charges and deferred income
+€620,936
Investment (derived)
+€13.4m
Investment in fixed assets (net)
+€13.4m
Financing
-€15.0m
Short-term financial debts
-€15.0m
Cash 2026
€60.2m
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €139,534,073 | €144,693,442 | +€5.2m | +3.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €46,058,464 | €24,807,753 | -€21.3m | -46.1% |
| Intangible fixed assets | 21 | €5,543,669 | €5,257,742 | -€285,927 | -5.2% |
| Tangible fixed assets | 22/27 | €27,067,700 | €15,723,160 | -€11.3m | -41.9% |
| Land and buildings | 22 | €15,524,885 | €6,640,968 | -€8.9m | -57.2% |
| Plant, machinery and equipment | 23 | €9,390,247 | €6,464,590 | -€2.9m | -31.2% |
| Furniture and vehicles | 24 | €1,075,117 | €806,945 | -€268,173 | -24.9% |
| Other tangible fixed assets | 26 | - | €617,225 | +€617,225 | |
| Assets under construction and advance payments | 27 | €1,077,451 | €1,193,433 | +€115,982 | +10.8% |
| Financial fixed assets | 28 | €13,447,094 | €3,826,851 | -€9.6m | -71.5% |
| Affiliated companies | 280/1 | €9,589,844 | €0 | -€9.6m | -100.0% |
| Participating interests | 280 | €9,589,844 | €0 | -€9.6m | -100.0% |
| Companies linked by participating interests | 282/3 | €3,800,456 | €3,800,456 | = | 0.0% |
| Participating interests | 282 | €3,800,456 | €3,800,456 | = | 0.0% |
| Other financial fixed assets | 284/8 | €56,795 | €26,395 | -€30,400 | -53.5% |
| Amounts receivable and cash guarantees | 285/8 | €56,795 | €26,395 | -€30,400 | -53.5% |
| Current assets | 29/58 | €93,475,609 | €119,885,688 | +€26.4m | +28.3% |
| Stocks and contracts in progress | 3 | €57,210,783 | €26,577,365 | -€30.6m | -53.5% |
| Stocks | 30/36 | €57,210,783 | €26,577,365 | -€30.6m | -53.5% |
| Raw materials and consumables | 30/31 | €19,881,522 | €3,769,777 | -€16.1m | -81.0% |
| Work in progress | 32 | €1,249,874 | €360,698 | -€889,176 | -71.1% |
| Finished goods | 33 | €23,026,487 | €4,561,382 | -€18.5m | -80.2% |
| Goods purchased for resale | 34 | €13,052,901 | €17,885,508 | +€4.8m | +37.0% |
| Amounts receivable within one year | 40/41 | €23,144,733 | €32,499,109 | +€9.4m | +40.4% |
| Trade receivables | 40 | €22,496,985 | €25,641,715 | +€3.1m | +14.0% |
| Other amounts receivable | 41 | €647,748 | €6,857,394 | +€6.2m | +958.7% |
| Cash at bank and in hand | 54/58 | €12,382,778 | €60,213,641 | +€47.8m | +386.3% |
| Deferred charges and accrued income | 490/1 | €737,316 | €595,574 | -€141,742 | -19.2% |
| Total equity and liabilities | 10/49 | €139,534,073 | €144,693,442 | +€5.2m | +3.7% |
| Equity | 10/15 | €95,168,123 | €109,623,385 | +€14.5m | +15.2% |
| Contributions | 10/11 | €11,155,209 | €11,155,209 | = | 0.0% |
| Capital | 10 | €11,155,209 | €11,155,209 | = | 0.0% |
| Issued capital | 100 | €11,155,209 | €11,155,209 | = | 0.0% |
| Reserves | 13 | €1,120,625 | €1,120,625 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,115,521 | €1,115,521 | = | 0.0% |
| Legal reserve | 130 | €1,115,521 | €1,115,521 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,104 | €5,104 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,892,289 | €97,347,551 | +€14.5m | +17.4% |
| Provisions and deferred taxes | 16 | - | €100,000 | +€100,000 | |
| Provisions for liabilities and charges | 160/5 | - | €100,000 | +€100,000 | |
| Major repairs and maintenance | 162 | - | €100,000 | +€100,000 | |
| Amounts payable | 17/49 | €44,365,950 | €34,970,056 | -€9.4m | -21.2% |
| Amounts payable within one year | 42/48 | €43,942,263 | €33,925,434 | -€10.0m | -22.8% |
| Financial debts | 43 | €15,000,000 | - | -€15.0m | |
| Other loans | 439 | €15,000,000 | - | -€15.0m | |
| Trade debts | 44 | €20,420,586 | €25,663,465 | +€5.2m | +25.7% |
| Suppliers | 440/4 | €20,420,586 | €25,663,465 | +€5.2m | +25.7% |
| Taxes, remuneration and social security | 45 | €8,458,960 | €8,261,969 | -€196,991 | -2.3% |
| Taxes | 450/3 | €604,693 | €364,561 | -€240,132 | -39.7% |
| Remuneration and social security | 454/9 | €7,854,267 | €7,897,408 | +€43,141 | +0.5% |
| Other amounts payable | 47/48 | €62,717 | - | -€62,717 | |
| Accrued charges and deferred income | 492/3 | €423,686 | €1,044,623 | +€620,936 | +146.6% |
| Operating income | 70/76A | €183,494,926 | €191,479,450 | +€8.0m | +4.4% |
| Turnover | 70 | €169,037,447 | €174,594,325 | +€5.6m | +3.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€3,424,537 | -€19,354,280 | -€15.9m | -465.2% |
| Own construction capitalised | 72 | €2,179,490 | €2,326,375 | +€146,885 | +6.7% |
| Other operating income | 74 | €15,668,686 | €21,070,032 | +€5.4m | +34.5% |
| Non-recurring operating income | 76A | €33,840 | €12,842,999 | +€12.8m | +37851.9% |
| Operating charges | 60/66A | €172,373,616 | €171,587,211 | -€786,405 | -0.5% |
| Goods for resale, raw materials and consumables | 60 | €82,628,286 | €65,010,589 | -€17.6m | -21.3% |
| Purchases | 600/8 | €78,508,163 | €53,731,452 | -€24.8m | -31.6% |
| Change in stocks: decrease (increase) | 609 | €4,120,123 | €11,279,138 | +€7.2m | +173.8% |
| Services and other goods | 61 | €49,800,389 | €68,932,347 | +€19.1m | +38.4% |
| Remuneration, social security and pensions | 62 | €29,744,134 | €29,414,527 | -€329,607 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,575,205 | €7,845,311 | +€270,106 | +3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,226,142 | -€1,409,072 | -€3.6m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €100,000 | +€100,000 | |
| Other operating charges | 640/8 | €225,808 | €142,348 | -€83,459 | -37.0% |
| Non-recurring operating charges | 66A | €173,652 | €1,551,161 | +€1.4m | +793.3% |
| Operating profit (loss) | 9901 | €11,121,310 | €19,892,239 | +€8.8m | +78.9% |
| Financial income | 75/76B | €3,499,123 | €3,195,505 | -€303,618 | -8.7% |
| Recurring financial income | 75 | €3,499,123 | €3,195,505 | -€303,618 | -8.7% |
| Income from financial fixed assets | 750 | €318,999 | €928,850 | +€609,851 | +191.2% |
| Income from current assets | 751 | €43 | €326 | +€283 | +653.0% |
| Other financial income | 752/9 | €3,180,081 | €2,266,329 | -€913,752 | -28.7% |
| Non-recurring financial income | 76B | €0 | €0 | = | |
| Financial charges | 65/66B | €4,532,383 | €4,105,575 | -€426,808 | -9.4% |
| Recurring financial charges | 65 | €4,532,383 | €4,105,575 | -€426,808 | -9.4% |
| Debt charges | 650 | €1,149,178 | €506,475 | -€642,703 | -55.9% |
| Other financial charges | 652/9 | €3,383,206 | €3,599,100 | +€215,894 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €10,088,049 | €18,982,169 | +€8.9m | +88.2% |
| Income taxes | 67/77 | €2,475,072 | €4,526,907 | +€2.1m | +82.9% |
| Taxes | 670/3 | €2,485,373 | €4,541,901 | +€2.1m | +82.7% |
| Tax adjustments and reversals of tax provisions | 77 | €10,302 | €14,994 | +€4,693 | +45.6% |
| Profit (loss) for the period | 9904 | €7,612,977 | €14,455,262 | +€6.8m | +89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,612,977 | €14,455,262 | +€6.8m | +89.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.